Members’ Gold Transactions
The Executive Board approves the Managing Director’s continuing to assist members by bringing governmental buyers and sellers of gold into contact. If there is a demand, the function may be performed as a regular service on the basis outlined in SM/52/6 (2/7/52). It is understood that initially the service charge will be
Decision No. 103-(52/12)
February 21, 1952
Fund Assistance in Gold Transactions
The Executive Board approves the extension of the Fund’s service in bringing buyers and sellers of gold into contact, on the basis outlined in SM/52/6(2/7/52), to cases in which one of the parties to the gold transaction is a member and the other is one of the following nonmembers or international organizations:
… *
Switzerland
Bank for International Settlements
International Bank for Reconstruction and Development
In accordance with the foregoing, therefore, gold transactions under the service would always involve a member as buyer or seller, and all parties would be either governmental or international organizations.
Decision No. 316-(54/27)
May 27, 1954
Fund Assistance in Gold Transactions
1. The Executive Board approves the following extensions of the Fund’s service in bringing buyers and sellers of gold into contact, on the basis outlined in SM/52/6(2/7/52):
(a) the International Finance Corporation is added to the list of parties in the decision adopted at EBM/54/27(5/27/54);
(b) the service shall apply to gold transactions between an international organization covered by the service and any other party covered by the service.
…
Decision No. 572-(56/55)
November 21, 1956
Fund Assistance in Gold Transactions
The Inter-American Development Bank is added to the list of parties in the decisions adopted at Executive Board Meetings 54/27(5/27/54) and 56/55(11/21/56).
Decision No. 1033-(60/26)
May 20, 1960
Fund Assistance in Gold Transactions
The International Development Association is added to the list of parties in the decisions adopted at Executive Board Meetings 54/27(5/27/54), 56/55(11/21/56), and 60/26(5/25/60).
Decision No. 1116-(60/51)
December 8, 1960
The decision lists certain countries which formerly were nonmembers but are presently members.